Caregiving is a labor of love—but it can also be one of the biggest threats to a solid retirement plan if it’s not planned for ahead of time. In this episode, the WWM Financial team dives into the real financial and emotional costs of caregiving, whether it’s for aging parents, a spouse, extended family, or even adult children.
You’ll hear eye-opening numbers around assisted living, in-home care, and nursing facilities—and why those costs often show up faster (and last longer) than families expect. The conversation goes beyond dollars, exploring the emotional toll on caregivers, the career sacrifices many people quietly make, and the ripple effect this can have on long-term financial security.
The hosts also share practical strategies to help reduce the impact: planning ahead with emergency funds, understanding insurance options, using Health Savings Accounts wisely, and having honest family conversations before a crisis hits.
If caregiving is something you’re facing now—or something you want to be prepared for in the future—this episode offers perspective, planning ideas, and a reminder that caring for others shouldn’t mean sacrificing your own financial well-being.
Date Recorded: 06/26/24
Disclosure:
WWM Financial is an SEC Registered Investment Advisor
The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry and how we may be able to assist. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. As always please remember investing involves risk and possible loss of principal capital. Tax considerations presented may not be appropriate every individual circumstance. A tax professional should be consulted before making any decisions about your tax liability. wwmfinancial.com | 760.692.5190
